Ingenico has announced the launch of a new contactless payment solution for London ‘s famous Black Cab taxis.

Developed as part of a Visa Europe-led initiative to increase card acceptance in London’s taxis, the solution will eventually allow all 25,000 London Black Cab drivers to access contactless payment technology, while enhancing the consumer experience for London commuters, says Ingenico.

Based on Ingenico’s iCT250 contactless-enabled device with GPRS, the solution accepts traditional Chip and PIN and magstripe technology in addition to contactless. The solution also features Value Added Services such as mobile phone top up, which may further increase the revenue generated for the Black Cab drivers.